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Petrol retailers face investigation over ‘profiteering’
The Competition and Markets Authority demands detailed fuel pricing data from UK retailers to investigate potential profiteering amid a 7.3% petrol price rise since the Middle East conflict began.
- On Friday, ministers pressed petrol retailers at 11 Downing Street to avoid 'unfair practices', warning such behaviour would not be tolerated.
- The conflict that began on February 28 has driven wholesale and pump price increases, squeezing household finances amid rising global oil costs.
- Motoring groups say petrol has risen by 6% and diesel by nearly 9% since February 28, prompting industry talks with government officials.
- The Competition and Markets Authority warned Thursday it will step up monitoring, and the government highlighted a Fuel Finder service, with the AA urging Reeves to delay fuel duty changes.
- The PRA threatened to withdraw over 'inflammatory language' but agreed to attend after assurances from the Treasury that the meeting would be largely private.
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UK govt warns petrol retailers against 'unfair practices' during Iran war
Britain's energy minister warned petrol retailers Friday that the government would not tolerate "unfair practices" amid a row over rising fuel prices sparked by the Middle East war.
·Cherokee County, United States
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Coverage Details
Total News Sources44
Leaning Left9Leaning Right4Center16Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 31%
C 55%
14%
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